TLDR:
– London-listed private equity and venture capital funds bottomed out in their selloff, with improving sentiment.
– Higher interest rates are not as detrimental as skeptics believe.
David Stevenson’s article discusses the positive outlook for private equity, noting that the selloff of London-listed private equity and venture capital funds has reached its lowest point and that there is a more optimistic sentiment in the market. Stevenson challenges the belief that higher interest rates pose an existential threat to these funds, arguing that the situation is not as dire as some skeptics suggest.
Stevenson highlights the persistent challenge of identifying valuation anomalies in the market due to high share price discounts. Despite this, he remains confident that some sectors, like biotech funds, have hit rock bottom, leading to potential investment opportunities. The article emphasizes the importance of staying informed and vigilant in order to capitalize on potential upswings in the market.
